asset class has become less costly over time. We define costs as the difference between gross and net returns (return spread …-based fees, surprisingly, the cost of PE investing has increased. We relate the higher costs to increased levels of dry powder …

It is often said that the private sector is in a good position to manage project costs and meet deadlines, but not …

decision theory to more fully explain both why the conventional law focuses on minimizing the risk of false-positive outcomes … and why the modern law should be crafted to minimize total probate-error risk. Decision theory suggests that, to identify … the proper goal of a decision-making process, one must compare the error costs of false-positive outcomes and false …